Good MorningEquity markets reversed course on Tuesday and closed higher for the day ending January on an up note. The S&P 500 gained almost 1.5% at the end of the day on signs the earnings season is better than expected. The caveat is that market action is still below significant resistance and the outlook for earnings is deteriorating. In this light, the next big move in the market is more likely to be down than up and there are more risks than one to be wary of.
Today brings another FOMC policy statement and it could be one for the history books. The market is expecting the FOMC to slow the pace of hikes and indicate the peak of inflation has passed but it might be disappointed. The latest inflation data confirm a peak was hit but give little indication that inflation is truly subsiding in a way that is sustainable. What this means is the FOMC needs to make the market believe interest rates will stay high enough for long enough to ensure that happens. Featured: Trump’s Next Big Stake Revealed (Ad) 
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Technology | |
Cisco Systems Inc. (NASDAQ: CSCO) has a place on MarketBeat’s Dividend Achievers list of stocks, increasing their payout for at least the past 10 consecutive years.
Although it’s a well-established company, Cisco is not resting on its laurels. It’s developing robust technologies... Read the Full Story |
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From Our Partners | | Trump recently got on Truth Social and attacked Wall Street banks by name. JPMorgan. Bank of America. Wells Fargo. Their crime? Lobbying to block the CLARITY Act… the most important piece of crypto legislation in U.S. history.
Bitcoin jumped 5% in 10 minutes after that post.
Here's the big picture: you now have a president who is personally, publicly, and aggressively fighting to make America the crypto capital of the world. The CLARITY Act has already cleared the Senate Banking Committee. | | Prices are still low. The catalyst hasn't landed yet. Act now. |
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Technology | |
The communications industry is showing signs of life, as large caps, including Verizon Communications Inc. (NYSE: VZ) and Charter Communications Inc. (NASDAQ: CHTR), are posting strong one-month uptrends.
The two stocks are components of the Communication Services Select Sector SPDR Fund (NYSEAR... Read the Full Story |
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Consumer Staples | |
Dividend King Sysco (NYSE: SYY) pulled back following its FQ2 results but the move is already catching the attention of investors. No surprise there, this stock is a solid blue-chip operator in the US foodservice space and pays a healthy dividend so investors should be targeting this pullback as a... Read the Full Story |
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From Our Partners | | SpaceX is now publicly trading under the ticker SPCX - but Hall of Fame Trader Jon Najarian says the real opportunity isn't in buying SPCX today.
He's identified a company 42 times smaller than SpaceX that's building exactly what Elon Musk needs for his next venture - one Morgan Stanley estimates at $40 trillion. Vanguard, BlackRock, JPMorgan, State Street, and Bank of America have all been quietly accumulating its shares. | | See Jon Najarian's full breakdown and get the company name now |
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Consumer Discretionary | |
Global Edtech and education company Genius Group Ltd (NYSE: GNS) shares have spiked by 1700% for 2023. The stock was trading just a few hundred thousand shares a day leading up to its 269 million shares trading day on Jan. 19, 2023, where it spiked 290% to close at $2.09. Interest has remained rel... Read the Full Story |
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Energy | |
Shares of Exxon Mobil Corporation (NYSE:XOM) are up 1.7% in mid-morning trading after the company posted a record profit in their fourth-quarter and full-year 2022 earnings report. XOM stock had been down 3% in pre-market trading.
Some of that was due to revenue coming in slighly below expectat... Read the Full Story |
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From Our Partners | | Executive Order #14330 opened the door to physical gold inside 401(k) plans - and now the Department of Labor has filed a proposed rule to make it happen. With $9 trillion in 401(k) assets potentially eligible, J.P. Morgan projects gold averaging over $5,000 per ounce by end of 2026, while Bank of America has called for $6,000.
An IRS-approved process already allows investors to move existing 401(k), IRA, or TSP funds into physical gold - tax-deferred and penalty-free. Cedar Gold Group's free Wealth Protection Playbook walks you through it step by step. | | Claim your free copy of the Wealth Protection Playbook from Cedar Gold Group |
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Industrials | |
There is good news and bad news in Caterpillar’s (NYSE: CAT) Q4 results. Caterpillar shares are falling hard after the impact of FX was revealed to be greater than expected, that’s the bad news. The good news is that business is strong, growth is on the table, cash flow is robust, and ... Read the Full Story |
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Transportation | |
United Parcel Service's (NYSE: UPS) Q4 results and outlook echoed a report from Whirlpool Corporation (NYSE: WHR) in that investors love blue chip quality stocks for long-term gains. These companies are not growing, they aren’t showing all that much strength, but they are showing resilience ... Read the Full Story |
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Retail/Wholesale | |
McDonald’s Corporation (NYSE: MCD) is down 0.5% in early trading as the fast-food giant says inflation will drag operating margins in 2023.
That’s detracting from an otherwise bullish earnings report. The company beat on both the top and bottom lines. Revenue came in at $5.93 billio... Read the Full Story |
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Retail/Wholesale | |
The days of used cars commanding steep prices are in the rearview mirror, and the downward trajectory of dealer Carvana Co. (NYSE: CVNA) is sign of these conditions.
Carvana shares more than doubled in the past month, and the stock has posted a one-week return of 39.28%. The move has the makings ... Read the Full Story |
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Consumer Discretionary | |
Whirlpool Corporation (NYSE: WHR) stock price was corrected on fears the appliance manufacturer’s profitability would flag alongside the revenue in the post-COVID world but those fears are proving to be unfounded. The company’s Q4 results and outlook suggest that not only will this com... Read the Full Story |
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Wednesday's Early Bird Stock Of The Day Papa John's International, Inc. engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages. The North America Franchising segment involves the offering of sales and support activities, development rights, and collection of royalties from franchisees located in the United States and Canada. The North America Commissaries segment includes the eleven full-service regional dough production and distribution and quality control centers. The International Operations segment represents all restaurant operations outside of the United States and Canada. The All Others segment focuses on franchise contributions to marketing funds and sale, company-owned and franchised restaurants, information systems and related services used in restaurant operations, point-of-sale system, online and other technology-based ordering platforms, printing, and promotional items. The company was founded by John H. Schnatter in 1984 and is headquartered in Louisville, KY. | | View Today's Stock Pick |
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